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What is stopping MasterCard and Visa from banning Coinbase and others if this happens
by o_m 5y ago
What is stopping MasterCard and Visa from banning Coinbase and others if this happens
- sosuke 5y agoI'm not sure if that would have any effect at all. I put money into Coinbase and pull it out of Coinbase with a bank account. Buying crypto with a credit card isn't a great idea.
- bawolff 5y agoIf bitcoin didnt get banned over drugs and murder-for-hire schemes, i cant imagine porn will be the tipping point.
- acchow 5y agoMy sense living in America is that sex-related issues are taken more seriously than, say, gun violence, murder, etc.
- __MatrixMan__ 5y agoWell yeah, gun violence is our primary export.
- cma 5y agoDoes coinbase even take credit cards? https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/payment-methods-for-us-customers https://help.coinbase.com/en/coinbase/getting-started/add-a-...
- goatmeal 5y agomost of the folks I know fund their exchange accounts via ACH and not their card
- deleted 5y ago[deleted]
- tomjen3 5y agoThey can't ban everything, since at the extremis you could buy crypto from eBay sellers. But in the long run you are right: to avoid MasterCard and Visa we should move everything to crypto. It is the only way to control our own destiny.
- AussieWog93 5y ago>They can't ban everything, since at the extremis you could buy crypto from eBay sellers. This is against eBay's policies. All items sold through their site must be delivered physically. If you type "bitcoin" in today you'll only get hardware or novelties, not the coins themselves.
- tomjen3 5y agoOkay, then sell a hardware token with the bitcoin on them, or the coins as QR codes printed on artisinal paper or whatever. Or do the sale on some other platform that is similar to ebay.
- Seattle3503 5y agoMost exchanges do ACH, wires, or other methods. Kraken is opening its own bank eventually, and will take direct deposits.
- xtat 5y agoWe don't need them.